Cetera Investment Advisers Has $687,000 Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Cetera Investment Advisers lifted its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,635 shares of the company’s stock after acquiring an additional 1,385 shares during the quarter. Cetera Investment Advisers’ holdings in Newmark Group were worth $687,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Newmark Group by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company’s stock worth $37,770,000 after buying an additional 1,502,372 shares during the period. Principal Financial Group Inc. lifted its position in Newmark Group by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company’s stock worth $39,691,000 after acquiring an additional 960,799 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Newmark Group by 851.7% during the fourth quarter. Wells Fargo & Company MN now owns 848,475 shares of the company’s stock valued at $10,869,000 after acquiring an additional 759,324 shares during the period. Raymond James Financial Inc. bought a new stake in Newmark Group during the fourth quarter valued at about $4,785,000. Finally, Norges Bank acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $3,307,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NMRK stock opened at $10.48 on Monday. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10. The company has a market capitalization of $1.93 billion, a P/E ratio of 29.94 and a beta of 1.99. The stock has a 50 day moving average of $11.25 and a two-hundred day moving average of $13.01. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $665.49 million during the quarter, compared to analysts’ expectations of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $0.15 earnings per share. As a group, equities analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, May 14th. Newmark Group’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NMRK shares. Wolfe Research upgraded Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Friday. Keefe, Bruyette & Woods reduced their price objective on Newmark Group from $14.50 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group dropped their target price on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Piper Sandler reduced their price target on shares of Newmark Group from $19.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, May 5th.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.